Speak With an Attorney
The first thing you should do when considering filing for bankruptcy is to speak with a dedicated bankruptcy attorney. They’ll be able to look at your business’s finances, your debts and any other factors to help you determine if bankruptcy is the right choice. If it is, they’ll help you file for bankruptcy in CA and can explain the process every step of the way.
Get Your Documents Together
When you file, you’ll need to let the court know where things stand with your business. This means compiling your financial documents, tax returns, debt statements and bills for review. The sooner you can start, the easier it will be to file.
Make a Plan for the Future
Bankruptcy doesn’t mean you have to give up on your dreams. Once you file, look at the mistakes you made and create a plan to avoid making them in the future. Follow your passions and learn from your previous business’s failures.
Keep these tips in mind if you’re getting ready to file for bankruptcy in CA. When you do, you’ll find the process easier and faster.